SOURCEBOOK

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Media Business News and Trends

Outside.in, platform for neighborhood news and conversation, announced the hiring of Mark Josephson. The company also announced a round of financing that includes existing investors Union Square Ventures, Milestone Venture Partners, Betaworks, and a group of angel investors led by George Crowley.

The boards of Alterian, an international provider of enterprise management software, and Mediasurface, provider of Web Content Management software, announced that they have reached an agreement on the terms of a recommended offer by Alterian to acquire the entire issued and to be issued share capital of Mediasurface.

Research In Motion (RIM), RBC, and Thomson Reuters announced plans to launch the BlackBerry Partners Fund, a $150 million venture capital fund, to invest in mobile applications and services for the BlackBerry platform and other mobile platforms.

The newly merged Thomson Reuters news agency produced a new code of ethics that allows employees to mention Thomson Reuters in a personal blog, but bans employees from blogging about confidential information and company clients.

Collective Intellect, a social media analytics company helping businesses track, understand, and use social media, closed its second round of institutional funding by raising $6.6 million from venture capital firms led by Grotech Capital Group and including existing investors Appian Ventures and Croghan Investments and new investor Crawley Hatfield Capital, LP.

Vignette, a provider of web experience management and delivery, announced it has entered into a definitive agreement to acquire Vidavee, a video web services company that enables web publishers to upload, share, analyze, and monetize internet video content.

Yahoo! Inc. announced that it has entered into a definitive agreement to acquire substantially all of the assets of Tensa Kft., more commonly known as IndexTools, a provider of web analytics software for online marketing.